Public Employees Retirement Association of Colorado Buys 15,094 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Public Employees Retirement Association of Colorado raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 33.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 60,811 shares of the technology company’s stock after acquiring an additional 15,094 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Trade Desk were worth $7,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TTD. Rialto Wealth Management LLC purchased a new stake in shares of Trade Desk during the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC increased its position in shares of Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Trade Desk during the 4th quarter valued at about $34,000. Zions Bancorporation N.A. increased its position in shares of Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Trade Desk during the 4th quarter valued at about $35,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 0.8 %

Shares of NASDAQ:TTD opened at $54.40 on Tuesday. The company has a market capitalization of $26.99 billion, a price-to-earnings ratio of 69.74, a PEG ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The firm’s 50-day moving average is $57.26 and its 200 day moving average is $98.83.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. As a group, equities analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a share buyback program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

TTD has been the subject of several research reports. Scotiabank reduced their price target on shares of Trade Desk from $133.00 to $83.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, January 21st. Susquehanna reduced their target price on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a report on Thursday, February 13th. UBS Group reduced their target price on shares of Trade Desk from $116.00 to $80.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, Evercore ISI lowered shares of Trade Desk from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $135.00 to $90.00 in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.47.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.